APA Corporation is acquiring Savant Alaska for approximately $70 million, gaining strategic North Slope infrastructure including the Badami production facility, the Nutaaq pipeline, and 104,000 gross acres. The acquisition expands APA’s eastern North Slope position to approximately 487,000 gross acres and supports a planned two-well exploration and appraisal drilling program during the 2026-2027 winter season.
A recent air permit transfer from OXY to APA in Reeves County highlights the ongoing trend of Permian operators high-grading their portfolios and consolidating core assets. While not a direct indicator of increased drilling, the move suggests APA is strengthening its position in a key Delaware Basin area with potential for future development.
2025 progresses, APA Corporation (NASDAQ: APA) is sharpening its focus on operational efficiency, disciplined capital deployment, and portfolio optimization. With the Permian Basin at the heart of its strategy, APA continues to evolve in response to shifting commodity markets and investor demands for returns over volume.
APA Corporation (NASDAQ: APA) continues to refine its Permian Basin operations, focusing on efficiency improvements, cost reductions, and production optimization. As the cornerstone of APA’s portfolio, the Permian accounted for 75% of the company’s adjusted production in Q4 2024, demonstrating its significance in the company’s long-term strategy. In its Q4…
APA Corporation’s operations in the Midland Basin are a testament to the power of a focused, block-by-block development strategy. By concentrating drilling and completion efforts in key blocks, the company maximizes operational efficiency, reduces costs, and maintains a steady stream of production.
On Aug. 19, Reuters reported that APA Corporation is considering selling its oil and gas drilling properties in the Permian basin, for roughly $1 billion. These assets are owned by APA’s subsidiary, Apache.
APA Corporation’s remarkable second-quarter performance in the Permian Basin showcases its robust operational capabilities and strategic agility. The integration of Callon assets ahead of schedule and the decision to maintain a high level of rig activity underline APA’s commitment to growth and efficiency.
Scotiabank reaffirmed its Sector Perform rating on Apache Corp (NASDAQ) with a price target of $30.00 after reviewing Apache’s latest quarterly information. Apache’s adjusted EPS and CFPS are projected at $0.93 and $2.99, respectively. The company reported higher-than-expected dry hole expenses and favorable outcomes in Egypt, with tax barrels surpassing…
APA Corporation is selling non-core assets in Texas for over $700 million, with divestments in the Midland Basin and East Texas.
APA Corporation’s acquisition of Callon Petroleum Company (NYSE: CPE) has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024.
